Christina Charlotte Kramer Sells 37,022 Shares of Canadian Imperial Bank of Commerce (TSE:CM) Stock

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) Senior Officer Christina Charlotte Kramer sold 37,022 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$83.40, for a total transaction of C$3,087,634.80.

Canadian Imperial Bank of Commerce Stock Up 0.2 %

Canadian Imperial Bank of Commerce stock opened at C$83.74 on Wednesday. The company has a market cap of C$79.10 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 3.01 and a beta of 1.12. Canadian Imperial Bank of Commerce has a twelve month low of C$47.44 and a twelve month high of C$84.07. The company’s 50-day moving average price is C$73.29 and its 200-day moving average price is C$68.90.

Canadian Imperial Bank of Commerce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, October 28th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Friday, September 27th. Canadian Imperial Bank of Commerce’s dividend payout ratio is currently 52.10%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CM shares. Scotiabank upped their price target on Canadian Imperial Bank of Commerce from C$77.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. TD Securities decreased their target price on Canadian Imperial Bank of Commerce from C$93.00 to C$91.00 and set a “buy” rating for the company in a research report on Friday, August 30th. UBS Group set a C$70.00 target price on Canadian Imperial Bank of Commerce and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. BMO Capital Markets increased their target price on shares of Canadian Imperial Bank of Commerce from C$77.00 to C$81.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Jefferies Financial Group lowered their target price on shares of Canadian Imperial Bank of Commerce from C$79.00 to C$78.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$79.15.

Canadian Imperial Bank of Commerce Company Profile

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S.